The purchase
$
%
%
Michigan property tax
mills
Michigan taxes the taxable value, roughly half of market value. A non-homestead rate in Metro Detroit often runs 55–75 mills; homestead 35–50.
$
$
Closing costsBuyer side
%
$
$
$
Simultaneous-issue rate when the seller buys the owner's policy.
$
$
$
Estimates only. These worksheets are a planning tool, not a title commitment, a Loan Estimate, or a Closing Disclosure, and they are not legal or tax advice. Title premiums, settlement fees and proration customs vary by underwriter and by municipality; your title company's figures govern. Michigan transfer tax is calculated at the statutory $3.75 state and $0.55 county per $500 of consideration. Loan figures assume a fixed rate and do not constitute a commitment to lend.